Amy goes to college to become a nurse. This is an example of an
A. investment in human capital.
B. increase in labor.
C. investment in physical capital.
D. increase in entrepreneurship.
Answer: A
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Horizontal mergers involve firms in different industries
a. True b. False
President Gerald Ford referred to inflation as
a. a blight on our nation's economy. b. a necessary evil to combat high unemployment. c. public enemy number one. d. a fly in the ointment.
The interest-rate effect is partially explained by the fact that a higher price level reduces money demand
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of a measure of labor productivity?
A. Factory workers produce 100 units of TVs per worker per day. B. Autos get 20 gallons to the mile. C. Wages increase by 3 percent per year for 5 years. D. A household's income increased by 3 percent last year.